Debt Consolidation
Pay off your credit cards with your equity and save up to 50%
Increase your monthly cash flow and improve your quality of life. Use the equity in your home to pay off your credit cards, personal loans, CRA income taxes, etc. and save up to 50% on your interest payments.
or call 1-888-360-1069
360Lending is an award-winning digital mortgage brokerage
See why thousands of Canadians rely on our mortgage advice and services
Learning Centre
How does debt consolidation work in Canada?
Debt consolidation combines multiple high-interest debt into a loan with a lower interest rate and payment amount. The best results are generally achieved by refinancing your credit card debt and personal loans into a mortgage product.
Benefits of consolidating your debt with 360Lending
1
Save up to 50% on your interest payments
Improve your cash flow with a significantly lower monthly payment compared to credit cards and personal loans.
2
Boost your credit within 60 to 90 days
Feel confident about your credit score and experience the benefits of being debt-free.
3
Simplify and improve your quality of life
Reduce the stress of managing multiple payments and due dates with one single payment.
Paid off $85,000in credit cards & car loan
Credit score increased to 720after 3 months
Case Study: Take Control of Your Debt
Julia is making good money as a marketing manager but she feels like her finances are negatively impacting her well-being. She's paying about $2,275 per month towards her $45,000 of credit card debt and the $40,000 left on her car loan.
She has very little disposable income to spend on activities and she feels anxious constantly. While her payments are always on time, her credit score is going down because her credit card balances are always close to their limits.
How 360Lending helped Julia take control of her debt
Julia has about $420,000 left on her mortgage which is locked in at a great rate for another year. We ordered an appraisal with an approved appraiser and confirmed that her condo's market value is $900,000.
We advised Julia that she has lots of equity available in her home and the most suitable product for her would be a home equity loan if she wants to keep her existing mortgage.
Our team will be able to help her refinance her mortgage after her debts are paid and her credit score is improved over the next 12 months.
Results
Julia paid off $85,000 of debt, saved over $1,425 per month and her credit score went back up to 720 after 3 months. Her quality of life improved immediately and she started a college fund for her daughter with her savings.
Find out how much you can save:
INTEREST PAYMENT COMPARISON
Current payment
$0 / month*
360Lending payment
$0 / month*
Your estimated interest savings
$0 /month*
or save
$0in payments over 12 months*
with 360Lending payment
Paying off your credit cards will help boost your score within 60-90 days
*The information presented is for illustrative and educational purposes only. Monthly payments are an estimate. Calculations are made assuming an APR of 11.99% for 360Lending payments and an APR of 19.99% for fixed payments with your credit card provider.
Get StartedReady to pay off your credit cards and personal loans?
We recommend getting the following documents ready to ensure a seamless experience:
2 valid IDs (i.e. passport)
Direct deposit (or void cheque)
Home insurance
Mortgage statement
Property tax bill
T4s from the past 2 years & pay stubs (salaried or hourly)
Bank statements (self-employed or retired)
360Lending empowers families with tools for better decisions and prioritizes client care for success.
9040 Leslie St, Unite 215
Richmond Hill, Ontario, L4B 3M4
Mon-Wed9am-8pm
Thurs-Fri9am-5pm
Sat-SunClosed
